Seylan Bank announced yet another convenience to its Credit Card holders by way of easy payment plans for insurance payments. Through its partnership with several leading insurance service providers, the easy payment plans aim to facilitate improved cash flow management for customers who own general and life insurance policies.
Standing by its promise to be the ‘essential card for essential needs’, customers are entitled to the easy payment plans when using the Seylan Credit Card to make the insurance payments until 31 August 2022. The offer is valid for a minimum transaction value of LKR 10,000 and a maximum value of LKR 1 million. 0% instalment plans are extended to three month and six month periods and customers can convert their payment scheme to the easy payment plan within seven working days. This facility can be availed for payments to several leading insurance service providers such as Ceylinco Insurance, AIA Insurance, Union Assurance, Sri Lanka Insurance, LOLC and Fairfirst Insurance.
With the current economic conditions, managing the household cash flow has become of paramount importance. As a result, there is an increased focus on credit card usage and demand for easy payment plans.